Lyric discussion by teepfau 

I definitely agree that this song is a parody of Dylan's style in almost any conceivable way (music, lyrics, instrumentation, accent). Nonetheless, I don't think it is a malicious one. Note that Simon and Garfunkel covered Dylan's "The times they are a-changing" - they must have found something valuable in Dylan's work after all. This song is thoroughly crafted in a way that reminds me of a mixture between tongue-in-cheekly exposing Dylan's idiosyncrasies and simultaneously kind of commending him. In order to imitate someone at this level, you must know him extremely well and spend a lot of time practising. I understand the song as a way of saying "Hey, you do have some obvious peculiarities, but they are worth a whole song of mine". Otherwise, this would have been a complete waste of early album space at a point in time where Simon and Garfunkel just started rising.

A different, yet interesting analysis of the song can be found at morethings.com/music/beatles/rockyraccoon.html

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